ICICI Prudential Commodities Fund vs ICICI Prudential Mid Cap Fund
Direct Plan, Growth option · Data as on 29-10-2026
ICICI Prudential Commodities Fund is a Thematic fund and ICICI Prudential Mid Cap Fund is a Mid Cap fund. In the 3 years to 30-10-2026, ICICI Prudential Commodities Fund (Direct) returned 14.9% a year and ICICI Prudential Mid Cap Fund (Direct) returned 19.4% a year. ICICI Prudential Commodities Fund charges 1.04% a year and ICICI Prudential Mid Cap Fund 1.10% (Direct plans). Their portfolios overlap 29.4%: they hold 23 of the same securities.
ICICI Prudential Commodities Fund
Thematic
- 3 year return
- 14.9%
- Expense ratio
- 1.04%
- NAV
- ₹47.23
ICICI Prudential Mid Cap Fund
Mid Cap
- 3 year return
- 19.4%
- Expense ratio
- 1.10%
- NAV
- ₹351.92
Which is better, ICICI Prudential Commodities or ICICI Prudential Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Mid Cap returned more over 5 years: 14.8% a year against 13.0%.
- ICICI Prudential Mid Cap returned more over 3 years: 19.4% a year against 14.9%.
- ICICI Prudential Commodities costs less: 1.04% a year against 1.10% (Direct plans).
- ICICI Prudential Mid Cap swung less over 3 years: a standard deviation of 17.9% a year against 19.2%.
- ICICI Prudential Mid Cap fell less in its worst fall since 16-10-2019: −39.5% against −41.2%.
- ICICI Prudential Commodities holds 8.2% of the fund in foreign stocks; ICICI Prudential Mid Cap 0.0%.
- ICICI Prudential Commodities holds more in large companies: 39.0% of the fund in large caps against 20.2%.
- ICICI Prudential Mid Cap is the larger fund: ₹7,961 Cr against ₹4,133 Cr.
- Their portfolios overlap 29.4%: 23 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | ICICI Prudential Commodities Fund | ICICI Prudential Mid Cap Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Thematic | Mid Cap |
| AUM | ₹4,133 Cr (30-09-2026) | ₹7,961 Cr (30-09-2026) |
| NAV | ₹47.23 (Direct) | ₹351.92 (Direct) |
| Expense ratio (Direct) | 1.04% | 1.10% |
| Expense ratio (Regular) | 1.96% | 1.84% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty Commodities TRI | Nifty Midcap 150 TRI |
| Launch date | 15-10-2019 | 28-10-2004 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Lalit Kumar | Lalit Kumar, Sharmila D’silva |
| Exit load | Exit load of 1% if redeemed within 3 months. | • 1% of the applicable NAV- If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out within 1 year from the date of allotment • NIL - If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out after 1 year from the date of allotment • 1% of the applicable NAV- If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out within 1 year from the date of allotment • NIL - If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out after 1 year from the date of allotment Nil If the amount sought to be redeemed or switched out more than 12 months. |
ICICI Prudential Commodities vs ICICI Prudential Mid Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Commodities Fund (Direct) | −6.18% | −7.54% | −8.89% | −2.42% | +14.92% | +13.00% | -- |
| ICICI Prudential Mid Cap Fund (Direct) | −5.04% | −7.09% | −5.25% | +0.90% | +19.38% | +14.82% | +15.56% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
Category average: the average of the 235 Thematic funds and the 34 Mid Cap funds, same plan type.
ICICI Prudential Commodities vs ICICI Prudential Mid Cap: Year-wise Returns
| Year | CommoditiesICICI Prudential Commodities | Mid CapICICI Prudential Mid Cap |
|---|---|---|
| 2026to date | −3.61% | −0.75% |
| 2025 | +19.19% | +11.94% |
| 2024 | +9.45% | +28.12% |
| 2023 | +28.72% | +33.88% |
| 2022 | +16.25% | +4.12% |
| 2021 | +72.75% | +46.16% |
ICICI Prudential Commodities vs ICICI Prudential Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Commodities TRI, the benchmark of ICICI Prudential Commodities Fund
Rolling returns
Every 3-year holding period, 994 of them, one for each trading day from 17-10-2022 to 29-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
ICICI Prudential Commodities Fund (Direct)
ICICI Prudential Mid Cap Fund (Direct)
Nifty Commodities TRI
to
Feb 2023Oct 2020
to
Oct 2023Jun 2021
to
Jun 2024Mar 2022
to
Mar 2025Nov 2022
to
Nov 2025Jul 2023
to
Jul 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Commodities | 0.0 | 0.0 | 0.0 | 4.3 | 27.8 | 25.4 | 42.6 | 28.3% | 22.3% | 11.7% | 63.4% | 86% |
| ICICI Prudential Mid Cap | 0.0 | 0.0 | 0.0 | 0.3 | 10.6 | 43.4 | 45.7 | 24.9% | 24.5% | 14.5% | 39.0% | 82% |
| Nifty Commodities TRI | 0.0 | 0.0 | 0.5 | 12.2 | 29.1 | 32.2 | 26.1 | 21.5% | 21.5% | 8.9% | 40.5% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Commodities TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 16-10-2019. Past returns do not promise future returns.
ICICI Prudential Commodities vs ICICI Prudential Mid Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 16-10-2019 to 29-10-2026: 85 instalments, ₹8,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential CommoditiesICICI Prudential Commodities Fund (Direct) | ₹8,50,000 | ₹17,72,885 | ₹9,22,885 | 20.4% |
| ICICI Prudential Mid CapICICI Prudential Mid Cap Fund (Direct) | ₹8,50,000 | ₹16,84,145 | ₹8,34,145 | 19.0% |
ICICI Prudential CommoditiesICICI Prudential Commodities Fund (Direct)
ICICI Prudential Mid CapICICI Prudential Mid Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
ICICI Prudential Commodities vs ICICI Prudential Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Commodities Fund (Direct) | ICICI Prudential Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.42% | +0.90% |
| Standard deviation | 18.97% | 18.40% |
| Sharpe ratio | -0.40 | -0.24 |
| Sortino ratio | -0.54 | -0.32 |
| Maximum drawdown | −14.3% (23-10-2026) | −14.9% (23-10-2026) |
| Beta | 1.08 | 1.07 |
| Alpha | +2.70% | +5.91% |
From daily NAVs, 29-10-2025 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Commodities Fund (Direct) | ICICI Prudential Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.92% | +19.38% |
| Standard deviation | 19.20% | 17.86% |
| Sharpe ratio | 0.46 | 0.75 |
| Sortino ratio | 0.62 | 1.01 |
| Maximum drawdown | −18.5% (07-04-2025) | −21.3% (07-04-2025) |
| Beta | 0.96 | 1.01 |
| Alpha | +0.95% | +5.47% |
From daily NAVs, 27-10-2023 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Commodities Fund (Direct) | ICICI Prudential Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.00% | +14.82% |
| Standard deviation | 19.27% | 16.77% |
| Sharpe ratio | 0.37 | 0.54 |
| Sortino ratio | 0.50 | 0.72 |
| Maximum drawdown | −21.7% (20-06-2022) | −21.3% (07-04-2025) |
| Beta | 0.97 | 0.97 |
| Alpha | +2.42% | +1.25% |
From daily NAVs, 29-10-2021 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Commodities Fund (Direct) | ICICI Prudential Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +24.69% | +18.30% |
| Standard deviation | 22.74% | 16.83% |
| Sharpe ratio | 0.86 | 0.73 |
| Sortino ratio | 1.17 | 0.98 |
| Maximum drawdown | −41.2% (24-03-2020) | −44.0% (23-03-2020) |
| Beta | 1.01 | -- |
| Alpha | +7.83% | -- |
From daily NAVs, 16-10-2019 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
ICICI Prudential Commodities Fund (Direct)
ICICI Prudential Mid Cap Fund (Direct)
Nifty Commodities TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Commodities Fund (Direct) | −41.2% | 15-01-2020 | 24-03-2020 | 07-08-2020 | 4 months | −12.0% |
| ICICI Prudential Mid Cap Fund (Direct) | −39.5% | 24-01-2020 | 23-03-2020 | 17-11-2020 | 8 months | −11.9% |
| Nifty Commodities TRI | −40.5% | 15-01-2020 | 23-03-2020 | 14-11-2020 | 8 months | −14.1% |
From daily values since 16-10-2019, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Commodities Fund (Direct)
ICICI Prudential Mid Cap Fund (Direct)
Nifty Commodities TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Commodities Fund (Direct)
ICICI Prudential Mid Cap Fund (Direct)
Nifty Commodities TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Commodities Fund (Direct)
ICICI Prudential Mid Cap Fund (Direct)
Nifty Commodities TRI
Against Nifty Commodities TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Commodities Fund (Direct) | 114% | 88% | 9.65% |
| ICICI Prudential Mid Cap Fund (Direct) | 93% | 72% | 11.62% |
From month-end values since 16-10-2019. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
ICICI Prudential Commodities vs ICICI Prudential Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Commodities Fund, September 2026; ICICI Prudential Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 29.4%
- Held by both
- 23
- Only in ICICI Prudential Commodities
- 23
- Only in ICICI Prudential Mid Cap
- 57
| Security | % of ICICI Prudential Commodities | % of ICICI Prudential Mid Cap |
|---|---|---|
| Hindustan Petroleum Corporation Ltd. | 8.28% | 5.43% |
| Jindal Steel Ltd. | 7.67% | 3.97% |
| Jindal Stainless Ltd. | 4.69% | 2.92% |
| APL Apollo Tubes Ltd. | 2.85% | 3.95% |
| UPL Ltd. | 3.90% | 2.35% |
| Navin Fluorine International Ltd. | 3.36% | 1.98% |
| Vedanta Aluminium Metal Ltd. | 6.57% | 1.75% |
| SRF Ltd. | 1.68% | 1.59% |
| Steel Authority Of India Ltd. | 2.14% | 1.24% |
| Vedanta Ltd. | 3.79% | 1.10% |
| National Aluminium Company Ltd. | 2.40% | 0.96% |
| Deepak Nitrite Ltd. | 1.28% | 0.61% |
| Ambuja Cements Ltd. | 1.92% | 0.57% |
| PI Industries Ltd. | 0.57% | 0.45% |
| Gujarat Fluorochemicals Ltd. | 0.42% | 1.28% |
| Aarti Industries Ltd. | 2.86% | 0.42% |
| Atul Ltd. | 0.75% | 0.31% |
| Neogen Chemicals Ltd. | 0.67% | 0.22% |
| Vedanta Iron And Steel Ltd. | 0.36% | 0.14% |
| Hindustan Zinc Ltd. | 0.72% | 0.09% |
| ACC Ltd. | 0.09% | 0.04% |
| Astec LifeSciences Ltd. | 0.22% | 0.02% |
| Camlin Fine Sciences Ltd. | 1.37% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.4% means 29.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in ICICI Prudential Commodities Fund
| Security | % of fund |
|---|---|
| JSW Steel Ltd. | 6.62% |
| Hindalco Industries Ltd. | 4.51% |
| Ultratech Cement Ltd. | 3.89% |
| Usha Martin Ltd. | 3.79% |
| Paradeep Phosphates Ltd. | 2.33% |
Largest holdings only in ICICI Prudential Mid Cap Fund
| Security | % of fund |
|---|---|
| Apar Industries Ltd. | 5.98% |
| Multi Commodity Exchange Of India Ltd. | 5.43% |
| BSE Ltd. | 3.93% |
| Bharat Forge Ltd. | 2.84% |
| Muthoot Finance Ltd. | 2.83% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Commodities | ICICI Prudential Mid Cap |
|---|---|---|
| Equity | 98.0% | 97.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.0% | 2.1% |
Market cap of stocks
| Market cap | ICICI Prudential Commodities | ICICI Prudential Mid Cap |
|---|---|---|
| Large Cap | 39.0% | 20.2% |
| Mid Cap | 26.9% | 68.1% |
| Small Cap | 23.8% | 9.6% |
| Foreign stocks | 8.2% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | ICICI Prudential Commodities | ICICI Prudential Mid Cap |
|---|---|---|
| Ferrous Metals | 23.5% | 8.3% |
| Non - Ferrous Metals | 18.2% | 2.8% |
| Chemicals & Petrochemicals | 17.6% | 6.4% |
| Capital Markets | 0.0% | 13.0% |
| Industrial Products | 7.3% | 12.1% |
| Auto Components | 0.0% | 9.9% |
| Electrical Equipment | 0.0% | 9.9% |
| Petroleum Products | 9.6% | 5.4% |
| Fertilizers & Agrochemicals | 7.0% | 3.4% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Commodities vs ICICI Prudential Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Commodities Fund | ICICI Prudential Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.04% | 1.10% |
| Base expense ratio (Direct) | 0.84% | 0.89% |
| Total expense ratio (Regular) | 1.96% | 1.84% |
| Base expense ratio (Regular) | 1.63% | 1.53% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare ICICI Prudential Commodities with
ICICI Prudential Commodities Fund vs ICICI Prudential Mid Cap Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Commodities Fund and ICICI Prudential Mid Cap Fund?
ICICI Prudential Commodities Fund is a Thematic fund, ICICI Prudential Mid Cap Fund is a Mid Cap fund, run by ICICI Prudential Mutual Fund. Their portfolios overlap 29.4%. ICICI Prudential Commodities Fund charges 1.04% a year and ICICI Prudential Mid Cap Fund 1.10%.
Which has given higher returns, ICICI Prudential Commodities Fund or ICICI Prudential Mid Cap Fund?
Over 1 year: ICICI Prudential Commodities Fund −2.42%, ICICI Prudential Mid Cap Fund +0.90%. Over 3 years: ICICI Prudential Commodities Fund +14.92% a year, ICICI Prudential Mid Cap Fund +19.38% a year. Over 5 years: ICICI Prudential Commodities Fund +13.00% a year, ICICI Prudential Mid Cap Fund +14.82% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Commodities Fund or ICICI Prudential Mid Cap Fund?
ICICI Prudential Commodities Fund charges less: 1.04% a year against 1.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Commodities Fund and ICICI Prudential Mid Cap Fund overlap?
29.4%. They hold 23 of the same securities, the largest shared ones being HINDPETRO, JINDALSTEL, JSL. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Commodities Fund or ICICI Prudential Mid Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 29-10-2026 grew to ₹8,21,035 in ICICI Prudential Commodities Fund (XIRR 11.7% a year) and ₹8,91,500 in ICICI Prudential Mid Cap Fund (XIRR 14.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Commodities Fund and ICICI Prudential Mid Cap Fund?
Yes. 29.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Commodities Fund and ICICI Prudential Mid Cap Fund?
ICICI Prudential Commodities Fund: Lalit Kumar. ICICI Prudential Mid Cap Fund: Lalit Kumar, Sharmila D’silva.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.